Business Loan

To start any business or to carry on the functionality of the existing business one needs funds. But the question arises from where you can get these funds. A business loan may be the answer to all such questions. What is a business loan? A business loan is something similar to personal loan, but it is specially desigend to meet your business requirements and goals. With a business loan, you borrow a certnain amount of money for a tenure, with interest rate and monthly repayment option are fixed with the term.

These loans can be secured as well as unsecured. Secured business loans generally have lower interest rates. Apart from a business loan a financial institution may have other kind of products like overdraft facilities to take care of the business needs of the individuals.

Get Quote For Business Loan

Loan Amount

You Are Running Business Since ?

Less Than 2 Yrs2 To 3 Yrs3 To 5 Yrs5 Yrs & Above

Your Annual Income/ ITR

Upto 2 Lacs2 To 3 Lacs3 To 5 Lacs5 Lacs & Above

Annual Turnover For Your Business

Upto 50 Lacs50 Lacs To 1 Cr1 Cr To 3 Crs3 Crs & Above

Any Existing Loan

YesNo

Holding Current Account

YesNo

Loan Type

Auto Loan

Home Loan

Over Draft Loan

Other

EMIs Paid

0 To 66 To 99 To 12More than 12

Personal Details

Your Information is secure with us and will not be shared without your consent

Who is eligible for business loan?
The business loan can be offered to any person who is running a legitimate business with a decent earning can apply for a business loan. Different banks have different criteria and terms to validate the authenticity of his/her business. After authentication and validation, banks have the sole authority to decide the amount of loan and even whether it wants to offer the loan to borrower or not. Below are some points which are generally considered before offering a loan:

Type of the business: Proprietorship, Partnership, Pvt.Ltd. or Public Ltd.

Turnover of the business.

Profit of the business.

Cash flow of the business.

Track record and type of business.

How much Business loan I can get
The business loans are offered on the basis of the profit and numbers of years you are running this business. It also depends upon cash flow and other aspects related to revenue generation. After considering all the major factors, banks come out with eligibility of the loan amount if can offer to any business. The key criteria for approval of any business loan is how profitable the business is and how the borrower will manage to repay the EMIs with other liabilities and expenditures of the company.

From where I can get a business loan.
There are many banks which can offer a business loan to eligible business owners.

What is the best way to compare business loan?Compare the below three things before applying for any business loan:

Per month's EMI

Processing Fee

Prepayment charges

If You want to pay the loan in the tenure, the sum of 1&2, whichever is lowest, take the loan from that Bank.
If you think you might have cash flow and can pay earlier, then also check the prepayment charges.

Can choose from a range of finance options like export/import financing, discounting of export receivables, bank guarantees for business requirements, treasury line to manage cross currency transaction risk.

Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank which you have opted for and we do not charge any fee from our customers. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans. We do not provide any dsa of Banks. All loans are on discretion of the associated Banks. Read More